Other than regulation, UFX also provides trading conditions, risk management, company policy, risk disclosure, AML policy, site security, and terms and conditions. UFX is an international brand regulated by the Vanuatu Financial Services Commission (VFSC) under license number 14581, hence traders funds are safe in case UFX goes bankrupt. While somewhat disappointing, educational materials are available practically everywhere online.

The Platinum account features a minimum deposit requirement of $10,000 and a minimum trading volume of $100,000. The Gold account comes with a minimum deposit requirement of $5,000 and a minimum trading volume of $50,000. With this account, you will receive everything that is included in the Standard account as well as access to the MetaTrader 5 platform. Overall, traders looking for a simple trading solution alongside integrated news and analysis tools may find UFX as an ideal choice. UFX also provides a wide range of account options, despite its relatively high spreads and fixed spreads. After submitting this application, an online verification process is conducted under the standard operating procedure.

Retail trading accounts

This review aims to provide this information by assessing all aspects of UFX, from its customer support efficiency and trading instruments to its various trading accounts and competitive spreads. In this review, UFX has been evaluated based on industry standards for being a forex trade specialist. It is arguably the world’s most popular platform for forex and CFD trading. It is free to use and adopted by almost every other broker in the industry.

  • UFX are considered reliable as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC).
  • A wide range of mobile trading apps are available across the globe – some of which are developed in-house by online brokers, while some are developed by third-party developers.
  • MT5 access does not seem to be available in the Islamic account despite the high minimum deposit.
  • That’s why it’s essential to understand the UFX company policies and practices before making any investment decisions.
  • In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities.

Leading industry reviewers have recognized the broker for its outstanding services and product offerings. Besides lots of currency pair,
UFX also offers some instruments you would like to trade on, such as
Forex, Gold & silver, Oil, Indexes and Crypto for your best choice. Somehow, remember that different instrument
has different trading conditions. In this case, you have to make sure that your strategy is well
suited for the instrument you chose. Most traders say that funding on UFO is very fast, depends on the payment method chosen. UFX accepts many different payment methods, so traders can choose the form of payment most convenient for them.

The no-download ParagonEx Web Trader 4.0 is particularly exciting for CFD traders. This is an upgrade on the Web Trader Platform with many novel features. It is free to download and it is perfectly suited to all makes of iOS and Android devices.

If you are a client of UFX and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. UFX has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, UFX will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like UFX, you can enjoy peace of mind and focus on your trading activities. If UFX violate any regulatory rules their regulated status could be stripped. To verify the availability of any features or markets within your country of residence, please contact the broker directly.

What are UFX’s spreads & fees?

Like other brokers, UFX margin requirements can differ depending on the traded instrument. We understand that informed decisions with UFX are the key to successful trading, so we’ve provided this detailed UFX review. So, take a seat, grab a cup of coffee, and dive in to learn about UFX and how it can benefit you or if UFX is not for you. UFX offers support in many languages like Arabic, English, French, Portuguese, and Russian. The table below compares the costs of trading one lot of EUR/USD with UFX vs. similar brokers.

Is UFX a scam?

Demo trading accounts like the UFX demo account can help individuals to make informed decisions before investing their money. MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. It’s essential to note that the trading instruments offered under the UFX brand may vary depending on the customer account holder and country of residence due to regulatory restrictions.

Payment system

On each instrument, UFX receives its compensation in the form of the market spreads. UFX broker is STP (Straight-Through-Processing, which means it never captures the reverse side of the trades of customers. If you use desktop a lot, this is the best choice of the trading platform always as it is also adopted by 80 to 90 percent of the brokers in the world. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device,
anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools
to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned
trades. UFX provides 5 classes of assets, including ETFs, indices, currencies, commodities (corn, crude oil, palladium, platinum, silver, gold, natural gas), and stocks.

Is UFX a regulated broker?

UFX offers several bonuses including competitions and the rewards cashback program. It is best to contact customer support for details on the prevailing bonuses and promotional offers. UFX is a UK-based brokerage that ufx broker specializes in contracts for difference. It is owned and operated by Reliantco Investments Limited with CySEC regulation. Additionally, UFX enjoys all the benefits of MiFID to passport its services across Europe.

As of 2021, UFX offers its broker services as a Straight-through-Processing (STP) operator. With this business model, the broker does not take any market positions opposing the trading positions of its clients. It provides its clients with best-in-class trading platforms, which help them meet their trading goals and gain profits in a short time. The company is also known for offering competitive spreads on the exchanges. It is an all-in-one platform that unifies all trading activities in a single, easy-to-navigate interface. The trading platform comes with a superior feature set, comprising intuitive tools, easy-to-use menus, robust platform stability, and high-end performance.

Asian countries such as Thailand, Singapore, India, and Hong Kong, are also legally available for the company. It is also operational in European countries such as France, Norway, Germany, Sweden, Denmark, Luxembourg, and Italy. The United Arab Emirates, Kuwait, Saudi Arabia, and Qatar are some of the Middle East countries where the broker is legally operational.

UFX provides a mobile trading platform for the traders’ convenience to trade anytime. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. When trading in UFX, traders can enjoy their proprietary platform, MassInsights Technology.